Losing Small Is Key To Long Term Success

In my fourth trade journal, I am updating my previous Bitcoin (BTC) position as well as discussing the reasons that I have reentered a new long position on the same asset. I am also highlighting a quick loss on Ravencoin (RVN), which dropped alongside Bitcoin. As I often say, this loss is proof that you win some and you lose some. What matters is that you lose small. BTC/USD As mentioned previously, I took a swing position in Bitcoin on Sept. 26 at $7,914. I exited 50% of the trade…

Ripple (XRP) Price Breaks Key Support, More Downsides Possible

Ripple price failed to hold the key $0.2850 support and extended its decline against the US dollar. The price is currently correcting higher, but it is likely to face sellers near $0.2850 and $0.2880. This week’s followed key bullish trend line was breached with support near $0.2855 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now facing a strong resistance near the $0.2860 and $0.2880 levels. Ripple price is struggling to hold gains against the US Dollar and bitcoin. XRP price…

Ripple (XRP) Price Holding Key Support But Can It Gain Strength?

Ripple price started a downside correction after setting a new monthly high at $0.2993 against the US dollar. The price declined below the $0.2920 support area and tested the $0.2840 support area. Yesterday’s highlighted major bullish trend line with support near $0.2860 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported near the $0.2860 and $0.2820 levels in the near term. Ripple price is holding an important support area against the US Dollar and bitcoin. XRP price must stay above $0.2800…

WATCH: ‘Big Four’ Exec Says Privacy is Key to Enterprise Blockchain Adoption

A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. “Enterprises will not go on to the public mainnet without privacy and security.” In this interview with Christine Kim, Brody discusses a range of privacy solutions, including Nightfall, EY’s open source code repository. The protocol integrates zero-knowledge proofs…

Bitcoin (BTC) Price Weekly Forecast: $8,300 Holds Key For Fresh Increase

After a sharp increase, bitcoin price corrected lower sharply below $8,500 against the US Dollar. The price is currently consolidating above the key $8,300 support area. There was a break below a key bullish trend line with support near $8,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $8,300 and $8,250 support levels to start a fresh increase in the near term. Bitcoin price is struggling to hold gains above $8,300 against the US Dollar. BTC needs to surpass the…

Bitcoin Price Rejected at Key Level Near $9,000

Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside. Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark.  Daily crypto market data. Source: Coin360 Bitcoin rejected at key level Since its $1,700 drop on Sept. 24, Bitcoin largely has struggled to maintain its 200-day moving average (MA) as support, suffering clear rejection multiple times. The 200-day MA is…

Bitcoin Fails at Key Price Hurdle, Risks Return to $8,000

Bitcoin is facing further losses after the bulls failed to capitalize on price gains seen this week. The cryptocurrency’s quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below. 4-hour chart The failure to hold above the 200-day moving average (MA) at $8,654 has also weakened the bullish outlook on the daily chart and may have shifted risk in favor of a drop to $8,000 in the next 24 hours. Daily chart Bitcoin crossed the…

2 Key Indicators Show ETH, BNB Could Rally as Bitcoin Price Eyes $9K

After several months of difficulty, many altcoins such as Ether (ETH), Chainlink (LINK) and Binance Coin (BNB) finally show signs of life on the charts providing hope for a new bull-run.  As 2019 nears its end, Bitcoin price (BTC) looks back on an overall positive year. Crypto’s largest asset rose from $3,330 to $13,880 in the first half of the year before retracing down to $7,715 several months later.  Altcoins shared in the exuberance surrounding Bitcoin’s parabolic price rise, with the majority of top market cap cryptocurrencies posting notable gains.…

Bitcoin (BTC) Price Dives $500 But Holding Key Support

Bitcoin price climbed to $8,950, but failed to continue higher against the US Dollar. The price is down around $500, but it is holding the key $8,400 and $8,350 supports. There is a major bullish trend line forming with support near $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could test the $8,350 support and it is likely to recover in the near term. Bitcoin price is trading with swing moves below $9,000 against the US Dollar. BTC declined sharply from $8,950, but…

Ethereum (ETH) Price Still Capped By Key $185 Resistance

ETH price is still struggling to break the key $185 resistance area against the US Dollar. The price is currently correcting lower and it might find support near $178 or $175. There is a connecting bullish trend line forming with support near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair could retest the $185 resistance area as long as it is trading above the $175 support. Ethereum price is struggling to continue higher versus the US Dollar and bitcoin. ETH price remains at a risk…